Corporate governance is a priority for firms because it presents opportunities to manage risks and add value. Focus of corporate governance is shifting from mere obligation and compliance with laws and listing standards, to a business imperative for many firms. This paper studies the corporate governance and disclosure practices of firms listed in Indian stock market. The study has taken six sectors into consideration – three from low capital intensive sectors and remaining three from high capital intensive sectors. Hence, six sectors studied for this research are Oil & Gas, Power and Metal from high capital intensive sectors and IT, FMCG and Health care from low capital intensive sectors.